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Indonesia Records Trade Balance Surplus for 58 Consecutive Months

by Editor Asiatoday
March 17, 2025
in Business
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Indonesia Records Trade Balance Surplus for 58 Consecutive Months

Export and import activities in Indonesia. FILE: Pelindo

ASIATODAY.ID, JAKARTA – The Central Statistics Agency (BPS) reported that Indonesia again recorded a trade balance surplus in February 2025, with a value reaching US$3.12 billion. This positive trend has continued for 58 consecutive months since May 2020, demonstrating the resilience of the national economy amidst various global challenges.

This surplus came from the value of exports reaching US$21.98, while imports were recorded at US$18.86 billion in the same period. However, this trade balance surplus was obtained from a decrease of US$380 million on a monthly basis, but an annual increase of US$2.28 billion.

BPS Head Amalia Adininggar Widyasanti said that this achievement reflects the competitiveness of Indonesian export products which remain strong in the global market.

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“This positive performance is supported by high demand from major trading partner countries, such as China, the United States, and India, as well as the prices of leading commodities which are still in a profitable trend,” he explained in a press conference in Jakarta on Monday, March 17, 2025.

Indonesia’s trade balance surplus in February 2025 was mainly driven by the positive performance of non-oil and gas commodities, which recorded a surplus of US$4.84 billion. However, this figure is slightly lower than the previous month which reached US$4.92 billion.

The main commodities contributing to the non-oil and gas surplus include animal/vegetable fats and oils (HS 15), mineral fuels (HS 27), and iron and steel (HS 72). Export performance from this sector remains strong despite a slight decline compared to the previous month.

On the other hand, the trade balance of oil and gas commodities experienced a deficit of US$1.72 billion, which was mainly caused by high imports of oil products and crude oil.

Overall, Indonesia continued to record a trade balance surplus because the value of exports was greater than imports. In February 2025, the total export value reached US$21.95 billion, a decrease of 2.58% on a monthly basis (AT Network).

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